{"id":461330,"date":"2021-04-15T05:08:11","date_gmt":"2021-04-15T05:08:11","guid":{"rendered":"https:\/\/wncen.com\/?p=461330"},"modified":"2024-06-11T13:55:00","modified_gmt":"2024-06-11T13:55:00","slug":"ta-ethereum-outperforms-bitcoin-why-bulls-could-aim-2500-or-higher","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ta-ethereum-outperforms-bitcoin-why-bulls-could-aim-2500-or-higher\/","title":{"rendered":"TA: Ethereum Outperforms Bitcoin, Why Bulls Could Aim $2,500 or Higher"},"content":{"rendered":"
Ethereum extended its rally to a new all-time high near $2,450 against the US Dollar. ETH price is now consolidating gains, with high chances of more gains above the $2,450 level.<\/em><\/p>\n Ethereum remains in a positive zone above the $2,300 level. ETH extended its rally above the $2,400 level, outperforming bitcoin<\/a> in the short-term.<\/p>\n It traded to a new all-time high near the $2,450 level and settled well above the 100 hourly simple moving average<\/a>. It is now correcting gains and trading just below $2,420. There was a test of the 23.6% Fib retracement level of the upward move from the $2,293 swing low to $2,450 high.<\/p>\n <\/a><\/p>\n On the downside, there is a key support forming near the $2,400 level. The next major support is near the $2,375 level. There is also a major bullish trend line forming with support near $2,370 on the hourly chart of ETH\/USD.<\/p>\n The trend line is close to the 50% Fib retracement level of the upward move from the $2,293 swing low to $2,450 high. On the upside, the $2,450 level is a major resistance zone. A successful close above the $2,450 level is likely to set the pace for a move towards the $2,500 level.<\/p>\n If Ethereum fails to clear the $2,450 resistance, it could correct lower. The first major support is now forming near the $2,400 level.<\/p>\n The main support is now near the $2,3750 level and the trend line zone. If ether fails to stay above the $2,375 support zone, it could continue to move down towards the $2,330 support zone. If the bulls fail to clear protect the $2,330 support could open the doors for a move towards the $2,320 support.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing momentum in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now well above the 60 level.<\/p>\n Major Support Level \u2013 $2,375<\/p>\n Major Resistance Level \u2013 $2,450<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum extended its rally to a new all-time high near $2,450 against the US Dollar. ETH price is now consolidating gains, with high chances of more gains above the $2,450 level. Ethereum traded above $2,400 and topped near the $2,450 level. The price is now trading well above $2,400 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $2,370 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to continue higher towards the $2,480 and $2,500 levels in the near term. Ethereum Price Is Holding Gains Ethereum remains in a positive zone above the $2,300 level. ETH extended its rally above the $2,400 level, outperforming bitcoin in the short-term. It traded to a new all-time high near the $2,450 level and settled well above the 100 hourly simple moving average. It is now correcting gains and trading just below $2,420. There was a test of the 23.6% Fib retracement level of the upward move from the $2,293 swing low to $2,450 high. Source: ETHUSD on TradingView.com On the downside, there is a key support forming near the $2,400 level. The next major support is near the $2,375 level. There is also a major bullish trend line forming with support near $2,370 on the hourly chart of ETH\/USD. The trend line is close to the 50% Fib retracement level of the upward move from the $2,293 swing low to $2,450 high. On the upside, the $2,450 level is a major resistance zone. A successful close above the $2,450 level is likely to set the pace for a move towards the $2,500 level. Dips Supported in ETH? If Ethereum fails to clear the $2,450 resistance, it could correct lower. The first major support is now forming near the $2,400 level. The main support is now near the $2,3750 level and the trend line zone. If ether fails to stay above the $2,375 support zone, it could continue to move down towards the $2,330 support zone. If the bulls fail to clear protect the $2,330 support could open the doors for a move towards the $2,320 support. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now well above the 60 level. Major Support Level \u2013 $2,375 Major Resistance Level \u2013 $2,450<\/p>\n","protected":false},"author":67,"featured_media":461332,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1946,8686,78803],"class_list":["post-461330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Is Holding Gains<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Supported in ETH?<\/h2>\n